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Closing Bell

Closing Bell 12/27/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 27 December 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0

Welcome to Closing Bell, I'm Scott Wabner live from Post 9 here at the New York Stock Exchange.

0:04.0

A make-a-break hour beginning with stocks on the hunt for new highs and whether Jeremy Siegel thinks we get there and even more.

0:09.8

We're going to ask him in just a moment when he joins us right here. Can't wait for that. In the meantime,

0:14.8

your scorecard was 60 minutes to go in regulation. Looks like this. S&P, as I said, within striking distance

0:19.9

of a new record close, we do have a new milestone today for the NASDAQ 100 even as several

0:24.9

mega cap tech stocks a bit muted today, including Apple falling even as an appeals court

0:29.6

grants a stay in that closely followed watch band story.

0:33.4

Interest rates, always a big story.

0:35.2

Falling slightly on the long end, that's after a decent Treasury action.

0:38.7

Ten Year 378, wow.

0:40.6

Takes us to our talk of the tape.

0:42.0

The road ahead for stocks and the final stretch of the year,

0:45.0

and of course beyond.

0:46.2

Let's welcome in, Professor Jeremy Siegel of the Wharton School.

0:49.9

It's so good to have you back.

0:51.0

Let me first wish you a happy new year, healthy healthy one and I look forward to many conversations with you next year

0:55.8

Which will hold what do you think for stocks after this incredible run we've had since November 1st?

1:02.9

Yeah, I'm still Bush.

1:05.6

I think the setup for next year is very good.

1:08.1

I, you know, I said January 1st and it was a way, we, last January 1st and it was we last January 1st right before different than

1:17.0

consensus that we were going to have 10 to 15 percent I didn't even expect it to

1:21.0

go beyond that.

...

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